Treasury names Social Security head as CEO of IRS
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Source: CNN
Social Security Administration Commissioner Frank Bisignano will also take on the newly created role of Chief Executive Officer of the Internal Revenue Service, the Treasury Department announced Monday.
Bisignano, who was CEO of the payments multinational Fiserv before being confirmed as the head of Social Security in May, will continue leading that agency, which distributes monthly payments to more than 74 million beneficiaries.
In an unusual arrangement, Treasury Secretary Scott Bessent will remain acting commissioner of the IRS, which has had multiple chiefs over the past year. Bisignano will be in charge of managing the IRS and overseeing its day-to-day operations, while reporting to Bessent, the department’s announcement said. The arrangement means Bisignano would not have to go through Senate confirmation, allowing him to start working immediately.
The appointment comes as the IRS, which has lost a sizable share of its staff under the Trump administration’s quest to downsize the federal government, must put in place major tax changes from the One Big Beautiful Bill Act before the tax filing season starts in January. That involves writing new regulations, updating forms and technology and training the agency’s customer service employees. Some outside experts and the Treasury’s internal watchdog office have already questioned whether the beleaguered IRS will be capable of doing so in time.
Read more: https://www.yahoo.com/news/articles/treasury-names-social-security-head-131750336.html
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